Aircraft ownership is within your reach. From tips related to buying your first or a new plane to the biggest mistakes pilots make when purchasing insurance, our aircraft ownership articles shed light on all of the aspects of owning your own flying machine.
We set out to answer the one question that every pilot faces at one time or another: Should I buy an older airplane or the latest model?
There’s no denying the fact that all pilots love airplanes and, if given the chance, they would all buy and own one. That’s the easy part. Buying one is a whole different story, however. And it all hinges on one seemingly simple query: How do you decide whether to buy a new or used airplane?
Low time, any time could be the best time to own an airplane
“I’ve sold airplanes to student pilots with two or three hours in their logbooks,” says Jim Sherman, regional manager for Premier Aircraft Sales. “In the past couple of years especially, half of my clients have been low-time pilots, first-time buyers.”
Whether you equate it to the search for the Holy Grail or a textbook example of caveat emptor, with a little perseverance and luck, you can still find a great deal on the airplane of your dreams—if you know where to look
Whether the stories are real or just urban legends, sooner or later, every hangar-talk session turns to a tale of someone finding that cherry-red Bonanza sitting in a barn in the middle of nowhere and the farmer selling it for $5,000. While stories like this are much more fiction than fact, a question remains: How can you find that undervalued gem that will ensure your place in aircraft buyer’s lore? Unfortunately, it’s not as easy as it used to be.